SECI calls for proposals for 500-MW offshore wind project in Gujarat
POWER & RENEWABLE ENERGY

SECI calls for proposals for 500-MW offshore wind project in Gujarat

The Solar Energy Corporation of India (SECI) has issued a call for proposals to develop a 500 MW ISTS-connected offshore wind power project in Gujarat on a build-own-operate basis. The identified project area covers 202 square kilometres in the Gulf of Khambhat, off Gujarat's coast.

SECI, a Navratna company, will enter into a 25-year power purchase agreement (PPA) with the successful bidder. The power generated will be sold to Gujarat Urja Vikas Nigam. The selected project will qualify for viability gap funding (VGF) of up to Rs 81.28 million per MW of the contracted capacity. This VGF will be distributed in four phases: 25% upon foundation completion, 35% after commissioning 50% of the project, 35% upon full commissioning, and the final 5% after one year of successful operation.

The Ministry of New and Renewable Energy (MNRE) or its designated agency will execute a 'Seabed Lease Deed' with the developer for a 35-year period. The developer must pay an annual lease fee of Rs 100,000 per square kilometer throughout the lease term. The winning bidder will be responsible for conducting seabed surveys and related development activities. Selection will be conducted through an e-bidding process followed by an e-reverse auction, with the site allocated to a single bidder for the entire project. (ET)

The Solar Energy Corporation of India (SECI) has issued a call for proposals to develop a 500 MW ISTS-connected offshore wind power project in Gujarat on a build-own-operate basis. The identified project area covers 202 square kilometres in the Gulf of Khambhat, off Gujarat's coast. SECI, a Navratna company, will enter into a 25-year power purchase agreement (PPA) with the successful bidder. The power generated will be sold to Gujarat Urja Vikas Nigam. The selected project will qualify for viability gap funding (VGF) of up to Rs 81.28 million per MW of the contracted capacity. This VGF will be distributed in four phases: 25% upon foundation completion, 35% after commissioning 50% of the project, 35% upon full commissioning, and the final 5% after one year of successful operation. The Ministry of New and Renewable Energy (MNRE) or its designated agency will execute a 'Seabed Lease Deed' with the developer for a 35-year period. The developer must pay an annual lease fee of Rs 100,000 per square kilometer throughout the lease term. The winning bidder will be responsible for conducting seabed surveys and related development activities. Selection will be conducted through an e-bidding process followed by an e-reverse auction, with the site allocated to a single bidder for the entire project. (ET)

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000